Required information {The following information applies to the questions displayed below.) The inventory records for Radford Co. reflected the following Beginning inventory @ May 1 First purchase 9 May 7 Second purchase May 17 Third purchase May 23 Sales May 31 100 units 54.00 300 units @ $4.40 500 units $4.60 100 units @ $4.80 900 units @ $7.80 If the company uses the weighted-average inventory cost flow method, what is the average cost per unit (rounded) for May Multiple Choice $4.50 $6 34 $4.45 $512 Required information [The following information applies to the questions displayed below) The inventory records for Radford Co. reflected the following: Beginning inventory May 1 First purchase @ May 7 Second purchase May 17 Third purchase 9 May 23 Sales May 31 100 units $4.00 300 units @ $4.40 500 units $4.60 108 units $4.80 900 units @ $7.88 What is the amount of gross margin assuming the weighted average inventory cost flow method? Multiple Choice $3,015 $1,314 $2.970 $2,412